THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - WBI.WT
Number Trading -
Expiration Date -
Cusip - 956908 11 5
Warrants called to trade news:
Separation of units and
posting of warrants
1996-03-18 11:51 MT - Miscellaneous
Further to the TSE bulletin 96-256
which described a secondary offering
of units by prospectus of Westburne
Inc, the warrants to purchase common
shares comprising the units will
trade separately commencing at the
opening on March 20 1996 at which
time the units will be delisted.
Symbol: WBI.WT
Cusip No: 956908 11 5
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
